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WHY MAY THESE REASONS NOT BE IDEAL?
MOVING FOR FINANCIAL REASONS
Moving costs A LOT of money – money you won’t get back. If you are moving for financial reasons you will want to do the sums to ensure you will actually be better off when you move – and not have extra financial issues as a result.
You will need to know the following figures roughly so you can really see what you are dealing with: –
- What your current home will go on the market for
- What your mortgage can be
- What the costs of moving will be
- What your max. budget for the new house therefore is
MOVING BECAUSE YOU HAVE OUTGROWN YOUR HOUSE
Your home may be busting at the seams, but is this because you actually have too much stuff, rather than your home is too small?
It sounds obvious, but if you have filled every square inch of your current home, you are likely to continue that habit in the new home, and end up with the same issues on a larger scale.
Have a massive declutter (you will need to anyway if you are moving), and see how much this helps. You may well be surprised at the results….
MOVING BECAUSE YOU NEED ROOM FOR SOMETHING
Maybe you have extended family moving in, a child on the way, or are starting a business from home. You may well need more space to be able to deal with these new changes in your life.
Or do you?
If this is the only reason you are moving, then you may want to consider the possibility of extending your current house instead.
Your moving costs could be spent on adding value to your existing house instead.
Why not get some estate agents to value your home and give an idea of what an extension would add to the value of your home, and some builders to quote, and take it from there. Maybe converting a loft / garage / cellar or adding an extension will mean you get more for the money you would have spent moving…
MOVING BECAUSE YOU ARE DOWNSIZING OR CONSOLIDATING COSTS
If you can, then why not consider renting out a room in your house, rather than moving fully.
If you are older or live by yourself this might be perfect for company as well.
Sharing your home may be the answer you need without losing the home that you love to live in.
MOVING BECAUSE YOU DON’T WANT TO FACE LARGE COSTS IN THE FUTURE
Moving itself will probably be the largest cost you would have – so are you spending that money wisely or would you actually be better off spending it on your house instead?
If you move house you may well have hidden costs later down the line anyway, and if you spend some money on your existing home you will be safer in the knowledge that your home has been well looked after. You may well have more peace of mind, and less costs, staying…
MOVING BECAUSE YOU WANT A CHANGE OF LIFESTYLE / UPGRADE
Maybe the grass is greener, but often it’s not.
We are human and we all have our own habits that make us who we are. Moving house won’t necessarily change any of that.
Be really realistic as to what you are trying to change with the move. Maybe try and alter a few things in your existing house first and see how you go.
Moving your house probably won’t change who you fundamentally are.
MOVING BECAUSE YOU WANT TO CORRECT A MISTAKE
Some mistakes may actually be easier to fix in your existing house than you realise. An extension, or knocking down walls etc… may make your home work perfectly for you, and be less expensive and less hassle than moving.
Now, I’m not all doom and gloom!
You may have read all this and still be wanting to move. And that’s perfect! Congratulations!
Things like location, health and things that changes to your current house can’t fix are all very valid reasons to move house.
Knowing that this is the reason you are moving will help you to understand what is really important in your new home, and it will ensure you are spending the money on moving for a very good reason.
So, I hope that this has been eye opening for you!
If you are thinking of moving house in the near future, or know someone who is, then I hope you consider all the options and make the exact right choice for you.
Good luck with whatever you choose to do – I’d love to know so please leave a comment below…